Did you know
according to the Bureau of Labor Statistics, 50% + of small businesses will close within five years?
FAIL WITHIN 1 YEAR
FAIL AFTER 3 YEARS
FAIL AFTER 5 YEARS
The top reasons startups fail
— findings according to Research firm CB Insights.
CASH FLOW PROBLEM
38% — of failed startups point to this as the main reason.
Money management is one of the most difficult challenges for a new business - running out of cash and being unable to raise new capital.
Most businesses operate on narrow profit margins, so there is little room for errors. Our goal is to help you efficiently work while building.
BEAT BY COMPETITION
20% — of Startups cited that they failed to research their competition.
The truth is, the best approach for new businesses is to research how the competition has been meeting customer needs and see how you can edge out the competition.
Do it better, faster, and more consistently.
LACK OF MARKET DEMAND
35% — of Startups reported they failed because people didn't need or want their product or service.
In other words, they didn't have enough customers to keep the business afloat.
Perhaps the percentage of business owners who fail would be reduced if they could better identify their target customers, pinpoint their pain points, and consistently engage with customers.
WRONG TEAM/ STAFF
14% — of Startups cited having the wrong team as a primary reason their business failed.
Some new business owners hired employees who were not qualified for the specific task. And other owners attempted to do everything themselves.
There are other team options out there.
We can help!
We help you support all aspects of your BACK OFFICE — from accounting to customer experience — so you can have clarity, streamline processes, and run an efficient, productive business.
We understand that running a business can be challenging, and we work with our clients to develop a customized service that fits their needs.
We will help as much or as little as you want.
As Managing Partner, I've made it our priority to be flexible in our service offerings to our clients. We take pride in our ability to work with multiple clients in varying industries.
I'm happy to say that under my leadership, iMPACTFUL Commerce has been able to leverage technology to provide seamless support to our clients. By introducing tools that help small businesses operate more effectively, we have greatly improved our quality of service.
"BACK OFFICE SUPPORT IS A DETAILS GAME."
We've built a team of experts who agree that you can't run a profitable business without knowing the details. And we've made it our number 1 priority to make those details available to our clients.
We welcome the opportunity to work with you.